Thursday, January 08, 2009

Madoff had $173 million in checks ready, U.S. says - washingtonpost.com

Madoff had $173 million in checks ready, U.S. says - washingtonpost.com: "The government's written brief said the checks were discovered by investigators at Madoff's New York firm and showed the 70-year-old investment adviser tried to move money to relatives and friends before his alleged fraud became known to authorities.

One of Madoff's lawyers, Daniel Horwitz, declined to comment on the claim by prosecutors, who are asking a judge to revoke Madoff's $10 million bail and send him to jail."

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